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The Louisiana House of Representatives is set to vote on a bill that would expand triple-digit interest lending in the state. Senate Bill 381 by Sen. Rick Ward would add another product to what predatory lenders can currently market. Under the bill, loans could carry triple-digit APRs, create a longer-lasting debt trap with terms of three months to one year and cost as much in fees as the loan amount. … Read more...
Louisiana’s economy works best when it works for everyone – when all of us, regardless of family circumstances, have access to a safe and affordable place to live, a high-quality education and a good job that can support a family.
But the past two years have shown us, once again, that low-income families and communities of color often suffer the most when pandemics and natural disasters strike, and that the dream of an equitable economy where everyone has an equal shot at success remains elusive in a state with deep and entrenched poverty.… Read more...
The Louisiana Legislature begins its annual session this week with more than $3 billion in extra cash on hand – money the state can use to build a more inclusive and equitable economic recovery after two years of pandemic and natural disasters. … Read more...
Every Louisiana resident, regardless of their race, wealth or ZIP code, deserves access to nutritious food, a quality, affordable education and the ability to see a doctor when they get sick. For families that have trouble affording these necessities, government safety-net programs can provide a helping hand and help ensure that everyone has the opportunity to reach their full potential. … Read more...